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    Description

    Important Mint State 1802/1 Quarter Eagle

    1802/1 $2 1/2 MS 60 NGC. Between 1803 and 1833, cents, half dollars, and half eagles essentially monopolized the meager production capacity of the Philadelphia Mint. While few citizens or institutions had use for the quarter eagle, the Bank of Pennsylvania and the Bank of the United States placed regular orders for this denomination that resulted in the miniscule deliveries throughout these three decades. Breen asserts that the majority of survivors from these early quarter eagle issues display levels of preservation that are indicative of coins that spent the majority of their time locked in bank vaults. While this may be true of some issues, current population data does not uphold this assertion for the 1802 delivery. With an original output of 3,035 pieces, this issue, remarkably, has one of the highest mintage totals of the entire Capped Bust quarter eagle series. Although VF and XF specimens are obtainable for a price, Mint State examples such as this come along once in a long while. With lustrous, yellow-gold surfaces and modestly reflective fields, this piece displays above average eye appeal for the grade. Both the obverse and the reverse are expertly centered and exhibit full denticle definition. The characteristic striking softness in the centers, as well as the scattered abrasions that account for the grade, hardly diminish the importance of this piece among gold specialists. Population: 1 in 60, 11 finer (6/99). (NGC ID# 25F6, PCGS# 7650)

    Weight: 4.37 grams

    Metal: 91.67% Gold, 8.33% Copper


    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

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    Auction Info

    Auction Dates
    August, 1999
    11th-13th Wednesday-Friday
    Bids + Registered Phone Bidders: 0
    Lot Tracking Activity: N/A
    Page Views: 171
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